San Antonio is still a great place to invest for income and long-term appreciation. According to the latest figures, it is a buyer’s market, with a little over 6 months of inventory for single-family homes. New-home builders are expected to have sold all their inventory by the end of the year. Foreclosure levels are high, but not at record highs considering the number of homes sold. Sales prices have come down, especially for homes in poor condition and/or priced under $150,000, but with spring the market is already starting to pick up and homes in all price ranges are selling. So it’s a great time to buy a rental property or a distress property to rehab for what I call a “slow flip”: rent out the property after (or even during) renovation and keep it for at least a year to cover some of your costs. After 366 days, you could sell it at a reduced capital-gains tax rate, or keep it for income and long-term appreciation.
Employment prospects are great in San Antonio, especially for civilians at the various large military installations, tourism and service workers, healthcare and bio-research professionals, financial personnel, and IT and technical workers.
For more information on San Antonio's diversified, healthy economy and what it means for your real-estate investments here, visit my website and contact me.
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